Last closure
On Thursday, November 12, trades in USA have come to the end with decrease, as tanking oil prices underpinned a selloff in energy and materials sectors and Federal Reserve speakers appeared to be telegraphing a December rate hike. Speaking at the Cato Institute, St. Louis Fed President James Bullard said it was prudent to raise rates and shrink the Federal Reserve's balance sheet toward more "normal settings." Meanwhile, Richmond Fed President Jeffrey Lacker said he doesn't think that recent low inflation "implies a more permanent departure from our target." Fed Chairwoman Janet Yellen avoided comments on a rate hike in Thursday remarks and that made dollar bulls nervous. Initial jobless claims, a proxy for layoffs across the U.S., held steady at a seasonally adjusted 276,000 in the week ended Nov. 7, the Labor Department said Thursday. Economists had expected 270,000 new claims last week. On the day’s result, index Dow Jones has declined by 1.44%, S&P has lowered by 1.40%, Nasdaq has decreased by 1.22%.
European stock exchanges closed with decrease of main indexes, on news that the European Central Bank will be adjusting its monetary policies and is concerned with the euro zone’s inflation data. European stocks were unable to find relief from comments made by ECB President Mario Draghi, who signaled once again that policy makers may be open to extending their asset-purchase program beyond September 2016. “Draghi continues to render the December ECB meeting almost meaningless, as he drops increasing hints about more QE for the eurozone,” said Chris Beauchamp, senior market analyst at IG, in a note. On the day’s result, British FTSE has declined by 1.88%, DAX (Germany) has lowered by 1.15%, CAC 40 (France) has decreased by 1.94%.
Decembers’ contractual price on Brent oil, decreased by $1.75 to $44.06 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed without certain dynamics. Value of the UX index has declined by 0.52% to 735.32. Share trades capacity on the application market was equal to UAH 1.2 million. Trades capacity on the derivatives market was equal to UAH 9.4 million. Total trades capacity for yesterday — UAH 19.1 million.
From ten shares of an index basket, six retreated. Leaders of growth were shares of Donbasenergo (+1.04%). Worse than market looked shares of Azovstal Iron and Steel Works (-4.12%).
Fitch Ratings and Standard & Poor's have lowered their long-term foreign currency issuer credit ratings for Kyiv City to 'D' (Default) after the city authorities missed their payment deadline on the city's eurobonds.
Premarket
External background at the opening is moderately negative.
The Asian indexes are decreasing today. Nikkei has lowered by 0.51%, Hong Kong Hang Seng declining by 2.15%.
Futures on American indexes are slightly changing today from -0.01% to +0.13%.
Russian indexes as of 10:43 EET are decreasing — MICEX decreasing by 0.77%, RTS lowers by 2.09%.
Our expectations
We expect opening of the Ukrainian market by decrease.
In the E.U. will be published data on GDP (12:00 EET).
In the U.S. will be published PPI (15:30 EET), retail sales (15:30 EET) and Michigan consumer sentiment (17:00 EET).
ITT Investment group
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